Date: 2/12/2025  

                                                            Category: Commercial Contracts

 Poorly drafted supplier contracts can cost SMEs thousands each year.

Key Clauses to Focus On

1. Payment Terms: Negotiate longer payment windows where cash flow is tight.

2. Termination Rights: Ensure you can exit underperformance without penalty.

3. Liability Caps: Protect your business from unlimited exposure.

4. Price Review Clauses: Avoid unexpected cost increases during the contract term.

Practical Steps

· Review all active supplier contracts annually.

· Seek professional advice before signing long-term agreements.

· Document all variations and amendments in writing.

TLC Tip: We offer Contract Review & Negotiation Services starting at just £99 to help you protect margins and avoid disputes.